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551. Foreign Investment and National Security: Getting the Balance Right

Author:
David M. Marchick and Alan P. Larson
Publication Date:
07-2006
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Despite the significant benefits that foreign investment brings to the U.S. economy, a recent poll by the Pew Research Center for the People and the Press found that 53 percent of Americans believe foreign ownership of U.S. companies is “bad for America,” a sentiment that reached a boiling point with the proposed acquisition of the U.S. port operations of P Steam Navigation Company by Dubai Ports World (DPW). The DPW case brought to the public's attention the little-known executive committee charged with reviewing the security risks of foreign investment—the Committee on Foreign Investment in the United States (CFIUS)—and ignited a flurry of congressional activity to change its mandate and operations under the Exon-Florio Amendment to the Defense Production Act of 1950.
Topic:
Security, International Political Economy, and International Trade and Finance
Political Geography:
United States, America, and Dubai

552. Fifteen Proposal for Italy's European Policy

Author:
Ettore Greco, Tommaso Padoa-Schioppa, and Stefano Silvestri
Publication Date:
01-2006
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Despite the important achievements of the past years (the Euro, enlargement, the drafting of the Constitutional Treaty, interventions in the Balkans and the growing diplomatic role in the Middle East), Europe is at a standstill and experiencing scepticism which, combined with prolonged economic stagnation, could deteriorate into a serious crisis. In this difficult situation, Italy could suffer particularly negative consequences. At the same time, however, it could – as in the past – play a prominent role in providing the Union with new dynamism.
Topic:
Development, International Cooperation, and International Political Economy
Political Geography:
Europe and Italy

553. The Implications of China's Rise for Asia and Europe

Author:
Linda Jakobson
Publication Date:
05-2006
Content Type:
Policy Brief
Institution:
Finnish Institute of International Affairs
Abstract:
China has in a very short time span embraced multilateral mechanisms to address a broad range of issues and avoided confrontation with the United States. Both stances have shaped Asian and European views of a rising China. At present, Asian and European leaders take China's word regarding its peaceful intentions as a rising power. However, Asian and European policy-makers tend to refrain from confronting China too strongly on issues sensitive to Beijing (poor implementation of intellectual property rights, disregard for human rights, etc). The more prosperous China grows, the less influence any other country will have over Beijing's policies. A rising China is a challenge to others because of its sheer size, its great need for imported energy, and the environmental degradation it causes due to its ongoing industrialization. The troubled relationship between China and Japan is one of increasing concern and could lead to aggravated tensions in East Asia.
Topic:
International Relations, Development, and International Political Economy
Political Geography:
United States, China, Europe, and Asia

554. Human Security on Foreign Policy Agendas. Changes, Concepts and Cases, INEF-Report 80

Author:
Tobias Debiel and Sascha Werthes
Publication Date:
01-2006
Content Type:
Working Paper
Institution:
Institute for Development and Peace
Abstract:
When the United Nations Development Programme (UNDP) published its 1994 report, nobody expected that the human security concept outlined within it would attract so much attention from politicians and academics alike. This is all the more astonishing as the concept has provoked a lot of criticism ever since its first appearance due to its excoriated analytical ambiguity and its disputed political appropriateness.
Topic:
Security, Defense Policy, Human Rights, International Political Economy, and United Nations
Political Geography:
United States, Japan, Europe, and Asia

555. The Defense Monitor, “Wars decrease”

Author:
Col. Daniel Smith
Publication Date:
06-2006
Content Type:
Policy Brief
Institution:
Center for Defense Information
Abstract:
Set against non-stop cable news broadcasts recounting the ongoing daily carnage in Iraq and the resurgent violence in Afghanistan, the headline “wars decrease” was a jolt.
Topic:
Defense Policy, International Political Economy, and War
Political Geography:
Afghanistan, United States, and Iraq

556. Contemporary Indian Views of Europe

Author:
Karine Lisbonne-de Vergeron
Publication Date:
09-2006
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
India was one of the first countries to establish a diplomatic relationship with the European Union (EU), with a visit of several European-based Indian diplomats to the then EEC in 1961. However, the first summit between India and the EU – held in Lisbon in June 2000 – marks the true start of serious bilateral relations. Until then, exchanges had been primarily defined by the accord signed in 1994, which barely took matters beyond general trade points. Lisbon saw the issuance of a Joint Declaration and the signature of the EU–India Civil Aviation Cooperation Agreement, extended until the end of 2006. This wider agenda has expanded over the past five years. Particular progress was made on mutual recognition of regulations at the Hague Summit on 8 November 2004, culminating in the approval of a plan mapping out the so-called 'strategic partnership' in the course of the summit under the British presidency, in Delhi, on 7 September 2005. This consisted of a political declaration and a joint action strategy, advocating reinforced collaboration in a number of fields, including a 'dialogue on democracy', a commitment to 'multilateralism', security issues, cultural exchanges, enhanced cooperation in education within the framework of the Erasmus Mundus programme for higher education, an 'economic policy dialogue', and the encouragement of business-to-business relations. The EU further acknowledged India's role since 2004 in addressing crisis situations in its neighbourhood, especially in Pakistan and Sri Lanka.
Topic:
Security and International Political Economy
Political Geography:
Europe, India, Asia, and Sri Lanka

557. Real Income Stagnation of Countries, 1960-2001

Author:
Sanjay Reddy and Camelia Minoiu
Publication Date:
04-2006
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
This paper examines the phenomenon of real-income stagnation (in which real-income growth is uninterruptedly negligible or negative for a sizable sequence of years). The authors analyze data for four decades from a large cross-section of countries. Real income stagnation is a conceptually distinct phenomenon from low average growth and other features of the growth sequence that have been previously considered. The authors find that real income stagnation has affected a significant number of countries (103 out of 168), and resulted in substantial income loss. Countries that suffered spells of real income stagnation were more likely to be poor, in Latin America or sub-Saharan Africa, conflict ridden and dependent on primary commodity exports. Stagnation is also very likely to persist over time. Countries that were afflicted with stagnation in the 1960s had a likelihood of seventy-five percent of also being afflicted with stagnation in the 1990s.
Topic:
Economics, International Political Economy, and International Trade and Finance
Political Geography:
Africa and Latin America

558. China's Economic Growth, 1978-2005: Structural Change and Institutional Attributes

Author:
Dic Lo and LI Guicai
Publication Date:
11-2006
Content Type:
Working Paper
Institution:
School of Oriental and African Studies - University of London
Abstract:
China's sustained rapid economic growth over the era of its systemic reform is of general importance for late development under globalization. This paper seeks to construct an explanation of the experience, which centers around the notion of an evolving "regime of accumulation", or development path, that emboddies an uneasy mix of the attributes of allocative and productive efficiency. In this light, the analytical findings of the paper give rise to two main propositions. First, in contrast to the general direction of market reform in the institutional dimension, China's actual path of industrialization and economic growth has rather tended to contradict the principle of comparative advantage - it has been in the direction of capital deepening, especially since the early 1990s. Second, China's reformed economic institutions have encompassed both market-conforming and market-supplanting elements, represented by non-state-owned enterprises and state-owned enterprises, respectively, with the former accounting for the improvement in allocative efficiency while the latter accounting for the improvement in productive efficiency. The paper concludes with a discussion on the social implications of the findings and propositions.
Topic:
International Relations, Development, Economics, and International Political Economy
Political Geography:
China

559. Making Sense of China's Economic Transformation

Author:
Dic Lo
Publication Date:
03-2006
Content Type:
Working Paper
Institution:
School of Oriental and African Studies - University of London
Abstract:
China's sustained rapid economic growth over the post-1978 reform era, which is also the era of globalisation, is of worldwide importance. This growth experience has been based mainly on China's internal dynamics. In the first half of the era, economic growth was propelled by improvement in both allocative efficiency and productive efficiency. From the early 1990s until the present time, however, economic growth has been increasingly based on dynamic increasing returns associated with a growth path that is characterised by capital deepening. In both periods, the growth paths and their associated long-term-oriented institutions contradict principles of the free market economy - i.e., doctrines of globalisation. In the form of an analytical overview, this article seeks to explain and interpret the historical background, logic of evolution, and developmental and social implications of China's economic transformation. The analytics draws on a range of relevant economic theories including Marxian theory of economic growth, Post-Keynesian theory of demand determination, and Neo-Schumpeterian theory of innovation. It is posited that these alternative theoretical perspectives offer better insights than mainstream neoclassical economics in explaining and interpreting China's economic transformation.
Topic:
International Relations, Development, Economics, and International Political Economy
Political Geography:
China

560. Export-Oriented Policies, Women's Work Burden and Human Development in Mauritius

Author:
Myriam Blin
Publication Date:
02-2006
Content Type:
Working Paper
Institution:
School of Oriental and African Studies - University of London
Abstract:
This paper, looking at the case study of Mauritius, attempts to understand the factors affecting the relationship between EOP, women's work burden along different social backgrounds. The analysis is based on between-method triangulation consisting of a quantitative survey in the industrial sector and a qualitative survey in the industrial and services sectors. The main result shows that women and the social reproductive process were not affected in the same way depending on the socio- professional background of the woman.
Topic:
International Relations, Development, Economics, and International Political Economy
Political Geography:
Mauritius